Employment in the Food and Beverage Service Activities sector in Germany displays a notable trajectory from 2013 to 2023. In 2023, employment reached 1,213.9 thousand FTEs, reflecting a robust post-pandemic recovery with an 8.24% YoY increase. Over the past two years, the sector experienced a significant rebound, indicated by a 20.89% increase from 2021 to 2023. The 5-year CAGR from 2018 to 2023 stands at 3.43%, suggesting a relatively steady growth. Forecasting ahead, a moderate CAGR of 1.95% is expected from 2024 to 2028, pointing to a more stabilized yet continued growth pattern in the sector.
Future trends to watch for:
- Technological advancements and digitization in service processes.
- Shifts towards sustainability and eco-friendly operations.
- Potential impacts of economic fluctuations and consumer spending behaviors.
- Changes in regulatory policies and labor market conditions.
